Ultra-fast-fashion giant Shein said it will invest €250 million ($271 million) in British and European designers and circularity initiatives over the next five years as it seeks to manage a regulatory crackdown targeting “fast fashion” and drum up support for a potential IPO in London.
The disruptive Singapore-based e-tailer said Tuesday that it plans to launch a €200 million circularity fund focused on textile-to-textile recycling and…